Continuation Breakout Monday 1PM 9/09/2024

Overall Sector and Industry Analysis

Date Range Analyzed: 2024-08-10 to 2024-09-09 (EST)

In the past 30 days, the stock prices across various sectors exhibit varied trends, partly influenced by recent market data and economic indicators. Notably, certain sectors have demonstrated bullish patterns, while others have faced resistance, evident in their trading volumes and price actions.

Observations:

1. Technology Sector:
   • Noteworthy Stocks: MA, HUBB
   • The technology sector experienced considerable volatility with instances of high trading volumes fixing key resistance levels. For instance, MA and HUBB showed upward momentum with rising volumes in the past 10 days.
2. Consumer Discretionary:
   • Noteworthy Stocks: ULTA, OOMA
   • This sector saw stocks like ULTA showing strong performance, particularly in the last 10 days, indicating a bullish trend. Trading volumes spiked during this period, corroborating the price increase signals.
3. Healthcare:
   • Noteworthy Stocks: PCVX, RMD
   • The healthcare sector observed mixed performance. PCVX exhibited a clear upward trajectory with robust volumes, indicating strong investor interest, while RMD displayed stable growth.
4. Utilities:
   • Noteworthy Stocks: NOC
   • NOC displayed stable movement within its support and resistance range, indicating cautious investor sentiment but remaining positive within the last trading sessions.

Given the detailed data provided, here’s a comprehensive look at the likely upward movements and key price levels for the upcoming days:

Ticker Performance Prediction:

Name: MA, HUBB, ULTA, PCVX, NOC

These tickers are predicted to likely go up in the next 2-3 days. They are showing strong bullish signals based on recent trends in price and volume.

Individual Stock Analysis:

MA (Mastercard):

1. Support Levels:
   • $484
   • $482
   • $480
2. Resistance Levels:
   • $488
   • $490
   • $493
3. Price Action Prediction:
   • In the next 2-3 trading days, MA could reach towards $488 and possibly break towards $490, given the current bullish momentum.
   • Target 1: $488, Target 2: $490, Target 3: $493
   • Entry Point: Around $484
   • Stop-Loss: Near $480
   • 

HUBB (Hubbell Inc.):

1. Support Levels:
   • $376
   • $374
   • $372
2. Resistance Levels:
   • $380
   • $382
   • $384
3. Price Action Prediction:
   • HUBB is likely to move towards $380 with increased volume and momentum.
   • Target 1: $380, Target 2: $382, Target 3: $384
   • Entry Point: Around $376
   • Stop-Loss: Near $372
   • 

ULTA (Ulta Beauty Inc.):

1. Support Levels:
   • $376
   • $374
   • $372
2. Resistance Levels:
   • $380
   • $382
   • $385
3. Price Action Prediction:
   • ULTA likely continues its upward trajectory towards $380-$385
   • Target 1: $380, Target 2: $382, Target 3: $385
   • Entry Point: Around $376
   • Stop-Loss: Near $372
   • 

PCVX (Vaxcyte Inc.):

1. Support Levels:
   • $112
   • $110
   • $108
2. Resistance Levels:
   • $116
   • $118
   • $120
3. Price Action Prediction:
   • PCVX is expected to rise, targeting levels around $116-$120.
   • Target 1: $116, Target 2: $118, Target 3: $120
   • Entry Point: Near $112
   • Stop-Loss: Close to $110
   • 

NOC (Northrop Grumman):

1. Support Levels:
   • $522
   • $520
   • $518
2. Resistance Levels:
   • $525
   • $527
   • $530
3. Price Action Prediction:
   • NOC shows a bullish trend towards $525-$530.
   • Target 1: $525, Target 2: $527, Target 3: $530
   • Entry Point: Around $522
   • Stop-Loss: Near $520
   • 

Final Thoughts:

The analyzed stocks show significant potential for upward movement based on recent price actions and volumes, making them attractive for short-term momentum-based trades. Traders should closely monitor the key support and resistance levels identified, ensuring entry and exit points are strategically aligned with observed market sentiment.